Aubrey Corporation changes from a regular C corporation in 2014 to an S corporation as of the beginning of 2015. for 2015, the corporation has $40,000 of built-in gain and $45,000 in accounting income. Determine any corporate tax that may be inposed on Aubrey corporation, and the amount to be reported by the sole shareholder.

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iTotal taxable income4000045000... View the full answer